With the prices of real estate and housing soaring high, your sweet home is no more a structure of bricks and steel but is also a means to generate cash when you fall in the need of money. A home is a high value investment which a person makes. So, naturally there is lot of money tied up which can be released if the owner wishes to. The market is filled with various HOME EQUITY LOAN OPTIONS which consumers can avail to meet their financial requirements.

A home equity is the value left in your house after subtracting the unpaid mortgage amount if any, from the current value of the house. For example, if the current value of your house is